Month #3 – Investments

There’s a perfectly good reason for why I’ve been tardy in discussing investments, this month’s category. Here it is:

I know almost nothing about the topic.

My wife and I have a trusted financial advisor and RRSPs and sundry other financial assets, but they’re really not, shall we say, a strength of mine. We meet with our money guy a couple of times of year, and generally all I care about is that the lines go up. My wife is far more responsible in these matters.

There’s another reason I’ve been slow writing about this month. In preparation for this month, I connected with my financial advisor to ask how Canadian our current investment mix was. The Blessed Beaver of Upper Canada shined his light on me because, huzzah!, all of our investments are already Canadian.

So, problem solved?

Yes, but that’s not much fun, is it? I plan to give my money guy some money, and ask him to split it in two piles and invest it. For one investment, he’ll invest it in strictly Canadian investments. For the other, he’ll put the money in foreign investments. We’ll check back in along the way, and see how we end up at the end of the year.

Photo by Adam Campbell.



  1. David (Reply) Posted on March 25, 2011

    Hi Darren;

    I’m stimulated by your website and project. Thanks for doing this.

    How are you defining “Canadian” for investments? So many ‘Canadian’ companies seem to be (subsidiary) part of larger American, or global corporate organizations. They are also often involved in nefarious operations overseas, in problematic areas. For example many Canadian mining companies involved in exploitation of vulnerable people in Africa, etc.

    I’d like to find truly local businesses worth investing in.

    All the best

    David

  2. Natalie B (Reply) Posted on April 16, 2011

    Have a loom at flow through investments. You’ll get a much better tax credit if you invest in Canadian flow through and you’ll have access to your money within 8-24 months if you need it. Flow through are higher risk investments but they have better tax credits.